The U of M alumni belong to a wide range of sectors. A few fields in which grads tend to find work include the manufacturing industry, the education industry, and the health care industry. The most popular career sector among alumni is the medical device manufacturing industry. Graduates of the U of M earn $67K on average.
In the U of M alumni community, men make a median salary of $74K compared to their female counterparts, who earn $62K.
The most generous salaries among U of M alumni are reportedly earned by Senior Software Engineers, whose median earnings come to approximately $102K, followed by Project Managers ($78K) and Software Engineers (around $77K). Sliding in near the bottom are Operations Managers, who report earnings of about $61K.
Infamous for its meager salaries (average pay is the lowest at $66K), approximately half of U of M students still call Minneapolis, Minn. their home after graduation. For those seeking more money, Seattle, Wash. is a popular destination for former U of M students; median pay is about $88K. Other cities of interest include Chicago, Ill. and Eden Prairie, Minn.
A Master of Business Administration (MBA), Finance will compensate U of M grads at a much higher rate than other degrees — these alums rake in around $112K on average per year. Graduates holding a Bachelor of Fine Arts (BFA) fare the worst in terms of compensation with an average yearly salary of $46K.
Many former U of M students are familiar with Project Management, and roughly a sixth of grads move on to positions where this experience is utilized. For former Golden Gophers, proficiency in Product Development warrants a paycheck that is 24 percent more than other alumni salaries. Competency in Microsoft Excel, Microsoft Office, and Data Analysis also warrants excellent remuneration.
Benefits and Perks
Only one-third of alumni for this school enjoy paid vacation days and about one-fifth of alumni get paid sick time. Benefits are rather generous for graduates of this school; a large number of survey participants are rewarded with health insurance and a strong majority of alumni report dental coverage, too. Most former students save for retirement through a 401(k) plan. Other benefits awarded to University of Minnesota alumni include a casual working environment, life insurance, a company-subsidized cell phone, and tuition reimbursement.
Compensation averages $67K for Michigan State University alumni, making their earnings most comparable to U of M grads. Other schools similar to U of M include the University of Wisconsin-Madison, Iowa State University, and the University of Iowa.